South Korea's Kospi dives more than 5%, SK hynix down 10%

AFPLast Updated: Jul 13, 2026, 07:59:00 AM IST

Synopsis

South Korea's Kospi stock index experienced a significant drop Monday morning. Tech firms faced heavy selling pressure due to AI investment boom worries. The Kospi index plunged over five percent in early trading sessions. Chip giant SK Hynix saw its shares dive more than ten percent. This occurred even after its US shares soared on Friday's debut.

South Korea's Kospi stock index plunged more than five percent Monday morning as tech firms suffered another bout of heavy selling fuelled by concerns over the AI investment boom.

The Kospi sank 5.6 percent to 7,058.82 in early exchanges, while chip titan SK hynix dived 10.1 percent, even after its US shares soared more almost 13 percent on the New York debut on Friday.

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